The purpose of this paper is to test some predictions from the literature concerning firms' choices of methods of pay for their managerial employees, and to provide estimates of the effects of performance pay on individual productivity using individual earnings as a mesure of productivity.

The purpose of this paper is to test Becker and Murphy's (1988) rational addiction model on (35 years of) time series data on alcohol consumption in each of the four Nordic countries: Denmark, Finland, Norway and Sweden. The empirical relevance of rational addiction theory is assessed by...

The purpose of this paper is to examine the seterminants of the variation in Czech managers' pay levels. Among the questions we attempt to answer are: Are the managers in state-owned firms compensated differently than those in private owned firms? How much of the difference in pay is explained...

The purpose of this paper is to provide some empirical evidence on the effects of competition on firm productivity accounting for differences in financial pressure and ownership control. Moreover, we also study whether the effects of competition differ between firms with little and heavy debt...

This paper gives a comprehensive picture of job and worker flows for the entire Danish economy. We exploit a unique central administrative register encompassing all employees of all establishments across all sectors throughout two business cycles. This enables us to broaden the focus of the...

The purpose of this paper is also to analyze the importance of unemployment and other social factors as risk factors for impaired mental health. It departs from previous studies in that we make use of information about first admissions to a psychiatric hospital or ward as our measure of mental...

We document the distribution and changes in the distribution of earnings in Finland from 1971 to 1990. Use a large representative set of data, collected from the population censuses.